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Dec 7, 2012
12/12
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hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6 to a mere 0.4%. it's warned of an imminent recession as problems in europe periphery weigh. futures at the moment forecasts a soft start. down 15 at the moment on the dow, nasdaq currently called down 3.8, and s&p 500 around 1.5 points. european stocks are flat really. forgave points for the ftse, xetra dax is up though at it highest level since 2008. up nearly 28% this year. flat on the cac, ibex down two thirds. but hurricane sandy is expected to have put a pretty big accident in the november u.s. jobs report. it's out at 8:30 eastern. nonfarm p
hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6...
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Nov 29, 2012
11/12
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i called sandy, just so sandy fans, i got the erstimate from y beach property and i was lucky. one house stands, the other goes down. >> tools you need to climb the market's rocky terrain. the mad dash is coming up next. and is austerity measures the way to close the deficit. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why mil
i called sandy, just so sandy fans, i got the erstimate from y beach property and i was lucky. one house stands, the other goes down. >> tools you need to climb the market's rocky terrain. the mad dash is coming up next. and is austerity measures the way to close the deficit. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible...
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Dec 19, 2012
12/12
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some of the furniture that was unaffected from sandy hook has been moved there. as for the kids, still a process in the works. we are talking with counselors and with parents of the survivors. they want to make sure that they do this the right way. every one involved say it is important that they go back together. they think that is important for them. >> in a routine. jay gray, we appreciate it. thank you. all right. all right now, some better news, american oil and gas companies have so much product that they are ready to start exporting worldwide. but wait until you hear who is trying to stand in their way. free market capitalism is always the best path to prosperity. we will be right back. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide hi
some of the furniture that was unaffected from sandy hook has been moved there. as for the kids, still a process in the works. we are talking with counselors and with parents of the survivors. they want to make sure that they do this the right way. every one involved say it is important that they go back together. they think that is important for them. >> in a routine. jay gray, we appreciate it. thank you. all right. all right now, some better news, american oil and gas companies have so...
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Dec 7, 2012
12/12
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you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one...
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Jan 2, 2013
01/13
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the senate passed the sandy bill. if he had john boehner saying that, he has every right to be an insensitive as he is is. >> passing the bill later this more or perhaps during this month, don, what do you think about this? >> i think john boehner has had a rather rough month. i think we should cut the guy a little slack. this will get done in a couple days. let's move on. >> you think it is that simple though? they are complaining saying it was much faster -- >> i'm afraid -- they won't take it up in the next couple of days unfortunately. don has a point in that i think it'll get done. but christie has a point when he says it has taken much longer for d disasters in many ways less damaging than this one? >> why? because of the fiscal cliff? >> it just has to get on another legislative bill somewhere. >> don, i think the frustration is, the american people, when you dig into the fiscal cliff bill, it has benefits for asparagus farmers, depreciation for nascar tracks. congress has the ability to take those things in. t
the senate passed the sandy bill. if he had john boehner saying that, he has every right to be an insensitive as he is is. >> passing the bill later this more or perhaps during this month, don, what do you think about this? >> i think john boehner has had a rather rough month. i think we should cut the guy a little slack. this will get done in a couple days. let's move on. >> you think it is that simple though? they are complaining saying it was much faster -- >> i'm...
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Nov 28, 2012
11/12
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should those hit hardest by hurricane sandy set money aside to help hurricane victims? stick around. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going
should those hit hardest by hurricane sandy set money aside to help hurricane victims? stick around. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser...
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Sep 12, 2013
09/13
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that's a town ravaged by last fall's superstorm sandy. they're reporting that 80%, 80% of the boardwalk has already been destroyed. we're going to go live to the shore a little later this hour. >>> switching gears now. all of a sudden government shutdown looks closer and closer. the deadline, as you know, is september 30th. a republican push to defund or delay obama care is at the heart of the latest budget standoff. you know what, right now it's republican versus republican rather than the gop versus the dems. let's talk. here is politico reporter jonathan strong from the national review. thank you, jonathan. i don't really get this because it's kind of a moving target. first some of this was going to be defunded through the cr or it was going to be defunded through the debt ceiling. they don't have a quorum majority inside the gop. tell us what's happening. >> good evening. it's a very fluid situation on capitol hill. majority leader eric cantor introduced his proposal to force a vote on obama care. it provoked a revolt a among the cons
that's a town ravaged by last fall's superstorm sandy. they're reporting that 80%, 80% of the boardwalk has already been destroyed. we're going to go live to the shore a little later this hour. >>> switching gears now. all of a sudden government shutdown looks closer and closer. the deadline, as you know, is september 30th. a republican push to defund or delay obama care is at the heart of the latest budget standoff. you know what, right now it's republican versus republican rather...
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Oct 26, 2012
10/12
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hurricane sandy making its way towards the east coast right now. many experts are warning that this could end up being one of the most costliest storms in years. jim cantore has the latest on the storm's path of destruction. over to you, jim. >> reporter: maria, we're about 250 miles from the center. and you can see the wave action behind me. florida knew they would deal with the fringe effects. that said at the time of high tide this wave action we have behind us run all the way up to these chairs here. i'm telling you, it was a matter of luck that they didn't wash out to sea. we'll see what happens at 7:00 when the next high tide rolls in. we've had bands of rain, some produced gusts as high as 50 or 60 miles per hour. the weather from south florida to north will start to improve tomorrow. we know that. this is what i'm afraid of. we're going to see a storm that will weaken in terms of tropical intensity, go down to cat one and maybe even 70 miles per hour and become a tropical storm. as that's going on, it's going to change its characteristics,
hurricane sandy making its way towards the east coast right now. many experts are warning that this could end up being one of the most costliest storms in years. jim cantore has the latest on the storm's path of destruction. over to you, jim. >> reporter: maria, we're about 250 miles from the center. and you can see the wave action behind me. florida knew they would deal with the fringe effects. that said at the time of high tide this wave action we have behind us run all the way up to...
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Nov 9, 2012
11/12
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and allianz says it's not feeling the impact of sandy yet. the insurer reiterates its 2012 targets. >>> priceline has agreed to buy rival kayak for $1.8 billion in cash and stock. the deal comes just months after kayak had it own initial public offering. $40 a share in cash and stock, 29% premium to thursday's closing price and 54% in kayak's listing price. >> winter storm in the u.s. has dumped over a foot of snow over parts of the northeast that were just hammered by super storm sandy. new jersey and new york have been particularly hard hit by the storm. lead to go knock-on effects in neighboring states including massachusetts, connecticut, and rhode island. and also furthering the you power outages that have plagued the area now for several weeks. >> and from today, drivers in new york city have to check their number plates before they pump gas. the mayor says based on license plates ending in odd or even numbers, drivers will be allowed to fill their tanks on alternative days. three quarters of gas stations remain closed due to super stor
and allianz says it's not feeling the impact of sandy yet. the insurer reiterates its 2012 targets. >>> priceline has agreed to buy rival kayak for $1.8 billion in cash and stock. the deal comes just months after kayak had it own initial public offering. $40 a share in cash and stock, 29% premium to thursday's closing price and 54% in kayak's listing price. >> winter storm in the u.s. has dumped over a foot of snow over parts of the northeast that were just hammered by super...
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Dec 21, 2012
12/12
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. >> some ways, you know, the fiscal cliff and sandy even earlier in the quarter, these were the mulligans for a lot of companies as we come to the end of q4. we're going to see some preannouncements in january, negative earnings preannouncements and hear a lot of the disruption in washington and some of these natural disasters that affected earnings. but again we have to come back to evgs. and you know, to me, what carter just mentioned about some of the emerging markets outperforming and europe, so underperformed in 2011, this could be a year next year of underperformance by the u.s., and we're already seeing some u.s. multinationals, you know, that are really strained not only domestically, but the world's, you know, abroad. there may be better growth opportunities. >> overall, corporate earnings growth is going to be driven by a couple of things. you need to have widening margins or expanding top lines. the margin issue has largely been used up. it's been -- you have the benefit, all those deficiencies that have taken place plus an exceptionally low cost of capital driven by low intere
. >> some ways, you know, the fiscal cliff and sandy even earlier in the quarter, these were the mulligans for a lot of companies as we come to the end of q4. we're going to see some preannouncements in january, negative earnings preannouncements and hear a lot of the disruption in washington and some of these natural disasters that affected earnings. but again we have to come back to evgs. and you know, to me, what carter just mentioned about some of the emerging markets outperforming...
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Nov 9, 2012
11/12
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i'm going to ask him about sandy. how are the losses of sandy? initially he said things aren't that bad. and about the resurrection of a company that had been left for dead, done by this man, and i think he's a hero of our country. >> army lieutenant in the vietnam war. >> korean. i think he deserves and commands respect. we'll give it to him. and we also have the west point investment club. >> i can't wait for that. let's get to rick and get sentiment numbers. >> holy cow! 84.9. 84.9! why a holy cow? because 82.6, the last look we had was the highest since of fall of '07. 84.9 pushes the envelope to -- going back to july of '07 when it was 90.4. but, caution, asterisk. this is a preliminary november read. all the historical comps i'm talking about are the final reads. it doesn't diminish the fact this is powerful. is this reflecting anxieties, post-election on the fiscal cliff? probably not. anybody who doesn't think there's anxieties there, just pull out your s&p chart. we still have wholesale inventories in about five minutes. back to you. >>
i'm going to ask him about sandy. how are the losses of sandy? initially he said things aren't that bad. and about the resurrection of a company that had been left for dead, done by this man, and i think he's a hero of our country. >> army lieutenant in the vietnam war. >> korean. i think he deserves and commands respect. we'll give it to him. and we also have the west point investment club. >> i can't wait for that. let's get to rick and get sentiment numbers. >> holy...
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Dec 4, 2012
12/12
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over the last month, despite hurricane sandy, it is still up 5%. but would going over the fiscal cliff hurt or derail the insurance giant as many expect it to derail business in general? joining me now is the chairman and ceo of allstate. thank you for joining us. president and congressional leaders are meeting with state governors today. you're one of the ceos who met at the white house with some of your other colleagues in business. what's your stance of where we are right now in terms of a deal? >> i'm concerned about it. the good news is everybody sees this as an opportunity to really show american global leadership. the rest of the world is all messed up on this. we can show them how to get it done. they've also all agreed on the three buckets, that being revenues, entitlements, and spending reductions. the bad news is they haven't agreed on how much into each bucket. and i don't think they're trying to create a win/win for each other. most good negotiations, you try to help the other person come out with a win. i don't see that here. >> you h
over the last month, despite hurricane sandy, it is still up 5%. but would going over the fiscal cliff hurt or derail the insurance giant as many expect it to derail business in general? joining me now is the chairman and ceo of allstate. thank you for joining us. president and congressional leaders are meeting with state governors today. you're one of the ceos who met at the white house with some of your other colleagues in business. what's your stance of where we are right now in terms of a...
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Nov 29, 2012
11/12
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any sense anecdotally or your sense of store traffic as to what sandy's impact was? >> i think it was a drag for most retailers. we heard from kohl's sax, that it was a drag. also the tiffany flagship store represents about 8% of overall sales. so expect to hear the sandy excuse certainly as same store sales roll out and as well from tiffany. >> especially in a year when you expect the push pushes them into the black for the year, actually all the discounting really starting to hurt retailers' bottom lines? >> that's the question. this year discounts were so heavy. so is black friday really turning in to red friday. typically it signifies the beginning of when retailers start making money. but you saw that the promotions were crazy. there were televisions at best buy for under $200. that was a 50% discount. walmart was guaranteeing in stock on ipad 2s giving away a $75 gift certificate. so the question is are they just giving away sales here. >> and that will be something to watch when we he get those figures, too, whether it reflects discounting as much as it does v
any sense anecdotally or your sense of store traffic as to what sandy's impact was? >> i think it was a drag for most retailers. we heard from kohl's sax, that it was a drag. also the tiffany flagship store represents about 8% of overall sales. so expect to hear the sandy excuse certainly as same store sales roll out and as well from tiffany. >> especially in a year when you expect the push pushes them into the black for the year, actually all the discounting really starting to hurt...
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Dec 7, 2012
12/12
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no substantive sandy in the jobs numbers. the lack of sandy effect has us scratching our heads, what they said. i just got off the phone with the guy who's the head of doing the numbers, labor numbers at the bls. he walked me through the rather extensibilive process they did fine out if there was any sandy effect, including sampling of businesses in a flood tide areas. >> it was very meticulous. >> i'm pretty convinced they did a good job figuring out if there was an effect and there is no effect which brings us to the numbers which you could believe on face value as much as you can. they'll revise this again. they only come forward with 60% to 70% of the sample. unemployment rate falling 7.7% because largely a drop in the labor force. average hourly earnings up 0.2%. despite positive headlines, xwoeld man sax says we interpret this report as one only slightly better than expected overall given downward revisions and weaker labor force and it does not change our assessment of the underlying strength of the labor market. priva
no substantive sandy in the jobs numbers. the lack of sandy effect has us scratching our heads, what they said. i just got off the phone with the guy who's the head of doing the numbers, labor numbers at the bls. he walked me through the rather extensibilive process they did fine out if there was any sandy effect, including sampling of businesses in a flood tide areas. >> it was very meticulous. >> i'm pretty convinced they did a good job figuring out if there was an effect and...
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Dec 18, 2012
12/12
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sandy relief bill. hardly any of it gets to sandy and the actual survivors. we'll get to all that. "the kudlow report" begins right now. >>> first up, 14 days and the clock is still running for a deal to prevent the nation's economy from falling off the tax and fiscal cliff. president obama, speaker boehner, they huddled at the white house today once again, but are we really any closer to a compromise? we go back to cnbc's eamon javers who joins us from washington with all the details. good evening. >> reporter: good evening, larry. you're right, they did meet today. it was a surprise meeting not announced as the previous meetings between the two men have been in past weeks. so we know that the meeting lasted about 45 minutes and that treasury secretary tim geithner also attended. what we don't know is whether the two men came to any deal or not or advanced the discussions in any way today. what we do know is that up here on capitol hill, senator harry reid, the democratic leader, suggested to his fello
sandy relief bill. hardly any of it gets to sandy and the actual survivors. we'll get to all that. "the kudlow report" begins right now. >>> first up, 14 days and the clock is still running for a deal to prevent the nation's economy from falling off the tax and fiscal cliff. president obama, speaker boehner, they huddled at the white house today once again, but are we really any closer to a compromise? we go back to cnbc's eamon javers who joins us from washington with all...
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Nov 6, 2012
11/12
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new yorkers getting out to vote in the wake of superstorm sandy. new york governor cuomo allowing residents to cast provisional ballots. my next guest served as governor of the state of new york from 1995 to 2006. he's now in private practice at a law firm. governor george pataki joining us. thank y >> hi, maria. good to be with you. >> might this drag out for days and weeks? what's your take? >> i think we could know by 9:30 tonight. the polls in new hampshire and pennsylvania close at 8:00. if governor romney wins new hampshire, if governor romney wins or is essentially tied, it's unclear, in pennsylvania, i think we're going to have a pretty good indication that governor romney will be the next president of the united states. because the polls all show new hampshire has a virtual dead heat. perhaps a slight edge to obama. they show obama with a four or five-point edge in pennsylvania. if that's not the case, then i think all of these close races we can have some degree of confidence will break towards governor romney. i think we could have an ea
new yorkers getting out to vote in the wake of superstorm sandy. new york governor cuomo allowing residents to cast provisional ballots. my next guest served as governor of the state of new york from 1995 to 2006. he's now in private practice at a law firm. governor george pataki joining us. thank y >> hi, maria. good to be with you. >> might this drag out for days and weeks? what's your take? >> i think we could know by 9:30 tonight. the polls in new hampshire and...
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Nov 8, 2012
11/12
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about an october surprise, hurricane sandy, super storm sandy, perhaps filling that role this year. but in china, a similar surprise in the emergence of the figure here who is now if anything seen as orchestrating perhaps a transition that will be less reformist and how do you expect that to comply indicate u.s. china relations from here? >> in terms of the chinese equivalent of the october surprise, i would actually argue that they've had surprise after surprise after surprise throughout the year. we have to remember the earlier stories about the possible senior position on the standing committee, their leadership. and of course given the events earlier this year vis-a-vis his wife allegedly killing a british businessman, the level of corruption, he was dismissed from the party and is now jailed. so there's been quite a few surprises in what is normally a very well structured process into the chinese transition. in terms of the u.s. china rlgs ship, in a broad sense, i don't anticipate much of a change. the interconnectedness between the u.s. and china is so great that neither coun
about an october surprise, hurricane sandy, super storm sandy, perhaps filling that role this year. but in china, a similar surprise in the emergence of the figure here who is now if anything seen as orchestrating perhaps a transition that will be less reformist and how do you expect that to comply indicate u.s. china relations from here? >> in terms of the chinese equivalent of the october surprise, i would actually argue that they've had surprise after surprise after surprise throughout...
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Nov 29, 2012
11/12
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. >> tom, right after sandy, a couple weeks ago or three weeks eeg y ago you were talking about sandy being twice the size of katrina but the wind speeds weren't as much and it wasn't going to affect all state. did you see christie and cuomo? are those real numbers? is that what they'd like to see from the feds or is it worse than what you thought on november 1st? itz's worse than what we thought out. it will cost us 1 billion 75 doll lars. it is a significant event. it's significant flooding. that's not typically konked by us but by the government if you buy their policy. unfortunately very few people buy coverage. so unfort flatly there's a bunch of people whose homes got wrecked and that's what cuomo and christie are seeking. our government has a hit of going back to the state and saying, sorry you didn't buy insurance, here's some money and they'll do it again. they're trying to negotiate as to how much they get. >> allstate's ceo tom wilson. we appreciate your time. >> thank you. >>> when we return, we'll have gene ludwig. he will be our special guest. also at the bottom of the h
. >> tom, right after sandy, a couple weeks ago or three weeks eeg y ago you were talking about sandy being twice the size of katrina but the wind speeds weren't as much and it wasn't going to affect all state. did you see christie and cuomo? are those real numbers? is that what they'd like to see from the feds or is it worse than what you thought on november 1st? itz's worse than what we thought out. it will cost us 1 billion 75 doll lars. it is a significant event. it's significant...
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Jan 2, 2013
01/13
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. >>> welcome back, we have some breaking news on aid for sandy victims. eamon javers has details on that. eamon? >> hi, bill, well, a group of lawmakers from new york and new jersey just coming before cameras here within the past couple of minutes to announce that speaker boehner has relented on the sandy aid funding, at least in part agreeing to a deal. according to new york congressman pete king. that would provide $9 billion in aid as early as this friday, and then they would agree on an additional up to 51 billion later on during the course of the month of january. obviously this has been a very contentious fight. we saw a very angry new jersey governor chris christie in the 2:00 hour holding a news conference, denouncing republicans in the house of representatives, but these republicans in the house today saying that they now have a deal and they seem fairly pleased. peter king saying he would in fact vote for boehner for speaker, despite some very heated criticism of his own of speaker boehner earlier today. guys, it looks like this hurricane sandy
. >>> welcome back, we have some breaking news on aid for sandy victims. eamon javers has details on that. eamon? >> hi, bill, well, a group of lawmakers from new york and new jersey just coming before cameras here within the past couple of minutes to announce that speaker boehner has relented on the sandy aid funding, at least in part agreeing to a deal. according to new york congressman pete king. that would provide $9 billion in aid as early as this friday, and then they would...
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Dec 17, 2012
12/12
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. >>> the shooting friday at sandy hook elementary school in newtown, account that killed 20 children and six adult, had an economic impact of 31 billion, which is 66% from 2008. we are covering from story from various angles. we will look at the national debate on gun control and mental healthcare. first, funeral services were held for two of the 20 young victims today. nbc's danielle lee is live in newtown with more. danielle? >> good afternoon. today is the first in a long hard week ahead as families begin saying good-bye to loved ones and burying those victims who did not survive last woke's tragedy. first two funerals were held today. the first for 6-year-old noah posner, whose twin sitter survived in another room. and jack pinto. there is a lot of evidence both from the school and shooter's home and now they are beginning the long process of going through that evidence. they say they hope it will point to a motive. teachers today are meeting to discuss how best to hand they'll tragedy, moving forward as student begin to return to classrooms. student who attended sandy hook are i
. >>> the shooting friday at sandy hook elementary school in newtown, account that killed 20 children and six adult, had an economic impact of 31 billion, which is 66% from 2008. we are covering from story from various angles. we will look at the national debate on gun control and mental healthcare. first, funeral services were held for two of the 20 young victims today. nbc's danielle lee is live in newtown with more. danielle? >> good afternoon. today is the first in a long...
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Dec 6, 2012
12/12
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we got the big distortions from san sandy. slowly working through that. so i think if there's an outlier, investors will yawn and wait for the big nonfarm payroll report tomorrow. >> are we comfortable mf-i don't know how comfortable we are. consumers seem to be in better fettl eflt. >> in spite of this anemic job growth that we've had during the entire jobless recovery, it seems like consumers sense the -- their balance sheets have improved pretty dramatically. so, yeah, consumers -- and that's led to consumers spending slightly more than what experts thought they would spend. >> so you're overweight large cap versus small cap. why? >> the large cap u.s. multinationals, they typically have overseas subsidiaries that can reach into the emerging pockets of growth. i like the dividends payers, as well, because in these choppy markets which we'll continue to have get nice dividends. >> all right much ha. . have a good day. that's it for today's program. "squawk box" it is next. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life exp
we got the big distortions from san sandy. slowly working through that. so i think if there's an outlier, investors will yawn and wait for the big nonfarm payroll report tomorrow. >> are we comfortable mf-i don't know how comfortable we are. consumers seem to be in better fettl eflt. >> in spite of this anemic job growth that we've had during the entire jobless recovery, it seems like consumers sense the -- their balance sheets have improved pretty dramatically. so, yeah, consumers...
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Sep 20, 2013
09/13
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congresswoman sandy levin will be with me. he agrees. harry kudlow will be here also. [ male announcer ] let's say you pay your guy around 2% to manage your money. that's not much, you think. except it's 2% every year. go to e-trade and find out how much our advice and guidance costs. spoiler alert: it's low. it's guidance on your terms, not ours. e-trade. less for us. more for you. farmers presents: fifteen seconds of smart. so you want to drive more safely? stop eating. take deep breaths. avoid bad weather. [ whispers ] get eight hours. ♪ [ shouts over music ] turn it down! and, of course, talk to farmers. hi. hi. ♪ we are farmers bum - pa - dum, bum - bum - bum - bum ♪ >>> it was a tough, tough day for blackberry. company reporting it will lay off 4,500 employees. that's 40% of the company's global workforce. it's expecting a huge quarterly loss. dominic with more stats on how bad the situation is at blackberry. >> they look like it will settle down, like we said, about 17% from yesterday's close. that means blackberry has lost,
congresswoman sandy levin will be with me. he agrees. harry kudlow will be here also. [ male announcer ] let's say you pay your guy around 2% to manage your money. that's not much, you think. except it's 2% every year. go to e-trade and find out how much our advice and guidance costs. spoiler alert: it's low. it's guidance on your terms, not ours. e-trade. less for us. more for you. farmers presents: fifteen seconds of smart. so you want to drive more safely? stop eating. take deep breaths....
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Dec 13, 2012
12/12
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. >>> just when broadway was getting back on its feet from hurricane sandy, well, then this. the striking service workers. they have halted -- are they going to halt broadway's recovery? we're talking about whether unions are ruining the u.s. economy? and three of wall street's top stock pickers come up who will give you a game plan and moments away from the president's and speaker boehner's meeting at white house. stay with us. or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choi
. >>> just when broadway was getting back on its feet from hurricane sandy, well, then this. the striking service workers. they have halted -- are they going to halt broadway's recovery? we're talking about whether unions are ruining the u.s. economy? and three of wall street's top stock pickers come up who will give you a game plan and moments away from the president's and speaker boehner's meeting at white house. stay with us. or jumping into the market, he goes with people he...
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Dec 17, 2012
12/12
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that includes some of the young children who survived the massacre at sandy hook elementary. of course they're being very patient with those children. waiting until the time is right. and say they will only talk to them, only ask them questions in the presence of a psychologist who can help them understand and help the investigators understand how to work through that process. it's a process they're playing close to the vest now. won't say what type of evidence they've recovered. there are reports that they may not get much from the home computer of the gunman adam lanza because he apparently crushed that computer, tore it to shreds before the attack. and made specifically sure that the hard drive was damaged. now, if that computer's been recovered and that's all police will say officially, they do have forensic experts to glean whatever they can from that. this is going to be a long own difficult process. they were asked today why go through this? we know sne parameters of what happened here. that adam lanza burst into e the school with an automatic rifle, killed these 20 ch
that includes some of the young children who survived the massacre at sandy hook elementary. of course they're being very patient with those children. waiting until the time is right. and say they will only talk to them, only ask them questions in the presence of a psychologist who can help them understand and help the investigators understand how to work through that process. it's a process they're playing close to the vest now. won't say what type of evidence they've recovered. there are...
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Dec 10, 2012
12/12
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also matt mccormick, sandy lincoln, and john spolinsani. what do we do between now and the end of the year? >> we wait. you hope there will be a resolution with the fiscal cliff. also 2013 could be a difficult year. it's the first year of the presidential term which is usually a weak un. earnings growth looks a little bit weaker. we are very big on di dends. we believe this is a grinded out market. prepare for instability. >> so it's glass half empty for you right now. >> we'd like to be optimistic but tell clients buy with sound balance sheets. and if the market goes up better, we're in a better position. >> i have to press you on what you say about you like companies that pay better dividends? >> right now you're looking at the. senate bill will will tax for gross incomes of $250,000. that's not a deal killer. there was an article this week talking about how dividends -- people buy dividends for income and downside protection. those issues do not go away regardless of what happens with taxes. people need income. >> you told us last time y
also matt mccormick, sandy lincoln, and john spolinsani. what do we do between now and the end of the year? >> we wait. you hope there will be a resolution with the fiscal cliff. also 2013 could be a difficult year. it's the first year of the presidential term which is usually a weak un. earnings growth looks a little bit weaker. we are very big on di dends. we believe this is a grinded out market. prepare for instability. >> so it's glass half empty for you right now. >> we'd...
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Nov 1, 2012
11/12
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hurricane sandy. we'll be back in a minute. we don't call this our company, we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to manufacture in the states to the scale we need to be a global company. with a little luck green toys could be the next great american brand. find what's next for your business at chase.com/mainstreet >>> the eye of hurricane sandy hit the jersey shore hard washing away whole economies in just a short 48-hour period. kayla? >> reporter: well, melissa, tom's river is just across the bay from seaside heights and suffered similar devastation during sandy, you see some of these polls on the docks here on tom's river on the bay. water was higher than that during the storm and a back porch actually detached with a jet ski tied to it and is close to where we're shooting right now. we went through the town and talked to some of the neig
hurricane sandy. we'll be back in a minute. we don't call this our company, we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to manufacture in the states to the scale we need to be a global company. with a little luck green toys could be the next great american brand. find what's next for your business at chase.com/mainstreet >>> the eye...
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Nov 29, 2012
11/12
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>> i think hurricane sandy had an impact in the first week, ten days in the northeast. when you speak to kohl's they were weak across the country. you could say it's part of the election results. i think there are just issues that are there. i think it was just disappointing. fw again, it's a long holiday season. the hope is, and hope and prayer is you're going to have a better december. i think some of them will. what you want to look at, even though the department stores were all negative today, a lot of the apparel retailers were positive. 5%, 10%. that's a positive sign. >> quick comment on tiffany. huge miss. stock's a mess. is this company specific or is it luxury that we need to watch out for? >> i think it's, "a," it's company specific. i think it's luxury you want to watch. if any consumer is watching this fiscal cliff, it's really the luxury customers. it's not the american eagle customers. the american eagle customers think fiscal cliff is really a rock climbing event. >> steve, good to have you on the show as always. >> thanks a lot. >> murph, what do you do
>> i think hurricane sandy had an impact in the first week, ten days in the northeast. when you speak to kohl's they were weak across the country. you could say it's part of the election results. i think there are just issues that are there. i think it was just disappointing. fw again, it's a long holiday season. the hope is, and hope and prayer is you're going to have a better december. i think some of them will. what you want to look at, even though the department stores were all...
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Jan 3, 2013
01/13
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and then you had the controversy over hurricane sandy. he decided in deference to the spending concerns of some of his members to put off that vote last night and was blasted today by chris christie, the governor of new jersey, by peter king and other members from northeastern states, so he's gotta election tomorrow. i've got to tell you, larry, i spoke to a republican member who messaged me from inside a conference meeting and said there are no serious challenges to john boehner. there is a movement to have some nuts, as he called them, vote present in the speaker's election, but there won't be enough of them to matter, larry. >> wow, nuts voting present. john harwood, thank you very much. we'll talk to you tomorrow about this same story. let's go to two different viewpoints. we have two different people on mr. boehner's future. ron meyer, press secretary for american majority action. and robert costa, national review, washington editor and cnbc contributor. mr. meyer, you are relentless, you won't take no for an answer. what's your take
and then you had the controversy over hurricane sandy. he decided in deference to the spending concerns of some of his members to put off that vote last night and was blasted today by chris christie, the governor of new jersey, by peter king and other members from northeastern states, so he's gotta election tomorrow. i've got to tell you, larry, i spoke to a republican member who messaged me from inside a conference meeting and said there are no serious challenges to john boehner. there is a...
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Nov 7, 2012
11/12
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. >> governor, how important was hurricane sandy to this whole story? romney had tremendous momentum after all three debates, okay. then comes hurricane sandy. the romney campaign is basically suspended for about five days. you've got president obama looking presidential and getting a bear hug with governor christie of new jersey. how much do you think that hurt the romney operation? >> larry, it froze the race in place for five or six days as you pointed out. the governor canceled several events in virginia as did the president. right thing to do. it did stem that tide of momentum i think a little bit in virginia. and certainly gave the president the chance to dominate a few news cycles to do what they needed to do and fema did a good job. even though most of the efforts state and local governments, president was out there doing the right thing. partisanship goes out the window during natural disasters. it hurt governor romney because he had five days he couldn't do anything. hopefully that won't hurt him in virginia. i still think we win by a couple.
. >> governor, how important was hurricane sandy to this whole story? romney had tremendous momentum after all three debates, okay. then comes hurricane sandy. the romney campaign is basically suspended for about five days. you've got president obama looking presidential and getting a bear hug with governor christie of new jersey. how much do you think that hurt the romney operation? >> larry, it froze the race in place for five or six days as you pointed out. the governor canceled...
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Jun 1, 2022
06/22
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this isn't going to be sandy hook this is not going to be sutherland spring. you can go as far backing a the colorado shooting. no, this stops now >> reporter: and amery jo garza, the little girl laid to rest was honored by arizona bronze cross, one of the highest honors in girl scouting and awarded for saving or attempting to save a life at the risk of her own life she was shot when she tried to call 911 the bronze cross presented to her family earlier today there are more funerals throughout the week. tomorrow of the one of the teachers and her husband joe will be laid to rest joe died two days after the shooting of a heart attack but his family believes he died of a broken heart shep. >> valerie castro, live. uvalde, texas. >>> as families burr were loved ones the legal experts discuss who could face legal action. they say families could potentially take action against police or the government even the gun maker cnbc's perry russom lays out possibilities and why cases could be difficult to prove. >> does what investigators call a wrong decision by the polic
this isn't going to be sandy hook this is not going to be sutherland spring. you can go as far backing a the colorado shooting. no, this stops now >> reporter: and amery jo garza, the little girl laid to rest was honored by arizona bronze cross, one of the highest honors in girl scouting and awarded for saving or attempting to save a life at the risk of her own life she was shot when she tried to call 911 the bronze cross presented to her family earlier today there are more funerals...
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Nov 8, 2012
11/12
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they've been beaten down so much after hurricane sandy and among other things. materials, consumer discretionary, energy. a lot of these that have been strong recently, seeing profit taking today. there's technology down 1.25%. michael shea, why the selling? why no bounce today after the biggest down day of the year yesterday? >> because there hasn't been much in the way of resolution. we got bad news out of europe. there's grave concern about taxes. you know, that's been talked about ad nauseam today. there's also, as you mentioned, technical levels only come in play when they're big technical levels. we are at them. there's one more technical level you should know. that is, we are almost at 50% retracement between our lowest low, which is 1266, before our highest high, which was 1474. we're about ten points away from that. 50% retracements. again, those are big numbers. >> all the traders on the floor of the new york stock exchange did well in their math classes in high school and college. you should know that. eric, what do we do here? are you ready to start
they've been beaten down so much after hurricane sandy and among other things. materials, consumer discretionary, energy. a lot of these that have been strong recently, seeing profit taking today. there's technology down 1.25%. michael shea, why the selling? why no bounce today after the biggest down day of the year yesterday? >> because there hasn't been much in the way of resolution. we got bad news out of europe. there's grave concern about taxes. you know, that's been talked about ad...
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Nov 8, 2012
11/12
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and finally, hurricane sandy, a huge october surprise. listen to this. 64% of voters cited it as an important factor with 62% of that vote going to the president. so like everybody, i congratulate president obama, but i'm going to spend the next few years watching him for free market principles of economic freedom. that's what i try to do to protect this great country of ours. moments ago house speaker john boehner re-elected to a 14th term in congress says he will consider tax increases as part of a zeal to tackle the fiscal cliff. to sort through this cnbc's eamon javers has the very latest. good evening, eamon. >> good evening, larry. in his first post-election televised comments today speaker of the house john boehner telling reporters that he's twoilg accept some increases in revenue as long as they come as part of the grand bargain on taxes and spending in washington that would include entitlement cuts as well as tax reform that would lower overall rates and broaden the base. here's the speaker earlier today. >> for the purposes of
and finally, hurricane sandy, a huge october surprise. listen to this. 64% of voters cited it as an important factor with 62% of that vote going to the president. so like everybody, i congratulate president obama, but i'm going to spend the next few years watching him for free market principles of economic freedom. that's what i try to do to protect this great country of ours. moments ago house speaker john boehner re-elected to a 14th term in congress says he will consider tax increases as...
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Dec 21, 2012
12/12
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i believe there's still an opportunity here for the president and the speaker, as sandy said, so sit down in a ream quiet will i, hopefully, without a lot of -- but it sounds like the conservative republicans in the house are back to the situation where they won't tolerate any tax increase at all. i mean, isn't that what they opposed last night? >> no, i don't think so. i think last night was a statement that they -- that you have -- within the republican conference in the house, they're not going to raise taxes unless they get the spending cuts to go along with it. i think if there had been a package that was signed on to that they knew was legitimate, was real, was going to go to the senate and be passed, it had been a comprehensive package in the $2 trillion range which is what the president and the speaker had been talking about, i think that type of package could have been done. >> let me just interject because we know each other well. i don't think that was the meaning of yesterday. essentially, a lot of your former colleagues, the people who i think have rather different view
i believe there's still an opportunity here for the president and the speaker, as sandy said, so sit down in a ream quiet will i, hopefully, without a lot of -- but it sounds like the conservative republicans in the house are back to the situation where they won't tolerate any tax increase at all. i mean, isn't that what they opposed last night? >> no, i don't think so. i think last night was a statement that they -- that you have -- within the republican conference in the house, they're...
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Dec 18, 2012
12/12
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it's slightly struggling with the news at the moment regarding sandy. but what we tend to find is prices tend to firm up next year. the other area i do quite like is we have consumer cyclical areas. probably had a tough consumer environment and maybe a tough oil input environment, as well. i think carna is a business that we can absolutely replicate. i think that's an interesting area for us to look at. and also, we have to challenge ourselves in general retail. it has had a slight run, but general retail looks slightly depressed. and if they can do anything with the margin, then you have a huge sales line that can flow dramatically. >> and it's interesting. i want to bring valentine in, as well. he's within from ing out of amsterdam. would you agree that we talked about stocks looking generally attractive. is it going to be a stock picker's market for once? >> let's hope so for our industry. i'll not sure about it, however. i think we are still seeing very much, just remember what happened yesterday in the uk markets. these markets are very sensitive t
it's slightly struggling with the news at the moment regarding sandy. but what we tend to find is prices tend to firm up next year. the other area i do quite like is we have consumer cyclical areas. probably had a tough consumer environment and maybe a tough oil input environment, as well. i think carna is a business that we can absolutely replicate. i think that's an interesting area for us to look at. and also, we have to challenge ourselves in general retail. it has had a slight run, but...
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Nov 10, 2012
11/12
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we are, in the weeks ahead going to get some very bad economic statistics from hurricane sandy. very bad. it might even look like a recession. will the stock market be able to see through it or will they get more fearful that the earnings cliff is going to turn into a recession cliff. >> we had our macro policy hearing and what we discussed was the impact on sandet and impact on the scomplekz we've taken the gdp numbers for the first quarter down below 1%, largely impacting the definite economic impact that we'll see from sandy and the potential economic impact from the election, but as we roll into the spring of next year, say the second, third quarter, at that point the drag from economic growth from sandy becomes a positive impact. >> phil orlando, where are your favorite investment sectors? where are your best ideas right now? >> right now, we've sort of pulled in our horns and neutralized the portfolio in terms of equities and fixed income. we are watching very carefully the rhetoric. i was encouraged by speaker boehner and the president today, but right now we just need so
we are, in the weeks ahead going to get some very bad economic statistics from hurricane sandy. very bad. it might even look like a recession. will the stock market be able to see through it or will they get more fearful that the earnings cliff is going to turn into a recession cliff. >> we had our macro policy hearing and what we discussed was the impact on sandet and impact on the scomplekz we've taken the gdp numbers for the first quarter down below 1%, largely impacting the definite...
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Dec 4, 2012
12/12
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of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private sector. that's a big jobs -- it might be hurricane related, but it could also be cliff related. there's these two things just backing up what joe said, folks, we've got enough to worry about without the stuff that we could probably fix and move on, there's enough going on. you can see that we're going to be substantially below the six-month average that we've been running there. and that shows that, you know, we were not robust to begin with, and this is why guys at the fed are concerned about things like this. if you're going 3% or 4% gdp, you have
of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private...
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Jan 2, 2013
01/13
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area up in arms as house republican leader let congress adjourn without voting on aid for hurricane sandy victims. the senate approved a $60 billion measure last week to help with recovery. the house appropriations committee had drafted a smaller $27 billion aid package but no vote is scheduled. new york republicans and democrats are calling the decision indefensible. >>> the u.s. coast guard says there are no signs a shell oil rig that ran aground off the coast of alaska is leaking fuel. the rig encountered trouble on monday during a severe storm. it's carrying 150,000 gallons of diesel and 12,000 gallons of lube oil and hydraulic fluid. once weather permits the plan is to get marine experts aboard to inspect the rig and come up with a salvage plan. the stock in the u.k. up 1/3 of 8%. >>> the u.s. journal indicating a key indicator of sales are expected to top $15 million according to firm polk. last year's sales are on track to hit $14.4 million. pickup trucks were back in vogue in 2013 as g.m., ford, and toyota all launched new vehicles or refresh existing models. >>> as you see, the d
area up in arms as house republican leader let congress adjourn without voting on aid for hurricane sandy victims. the senate approved a $60 billion measure last week to help with recovery. the house appropriations committee had drafted a smaller $27 billion aid package but no vote is scheduled. new york republicans and democrats are calling the decision indefensible. >>> the u.s. coast guard says there are no signs a shell oil rig that ran aground off the coast of alaska is leaking...
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Sep 18, 2009
09/09
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it's not inconsistent. >> are we healed, sandy, when you look at different parts of the market. obviously you're talking about near record issue witneance in bonds. pretty close. are there any categories that still stand out as it is not functioning? >> well, in general the high yield markets are very forward looking. as you mentioned, about 230 deals are priced this year for $103 billion or so. so certainly from that perspective it certainly looks like things are healed. however, i think that in general we have to fear the rising rate environment that at some point may come our way. so in terms of today, yes, but you certainly have to look around the corner and anticipate what rising rates might do to the overall credit markets. >> brian, a lot of people talked about the asset backed commercial paper market. i know it's not an area you personally deal in every day. that that is an area still not functioning and might be a big opportunity in terms of fixing it. do you agree? >> yes, there's parts of the market that still represent opportunity, but i think it all depends on your
it's not inconsistent. >> are we healed, sandy, when you look at different parts of the market. obviously you're talking about near record issue witneance in bonds. pretty close. are there any categories that still stand out as it is not functioning? >> well, in general the high yield markets are very forward looking. as you mentioned, about 230 deals are priced this year for $103 billion or so. so certainly from that perspective it certainly looks like things are healed. however, i...
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Nov 13, 2012
11/12
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hurricane sandy would have knocked all of those out. right now those states are asking for gasoline. not solar panels or windmills. >> diana, just one last regulatory obstacle while we are on the subject. obama care. obama care. now, i know -- >> that's a major regulatory obstacle because if you move from 49 to 59 workers and don't have the right kind of health insurance you have to pay $2,000 per worker per year. the only way you can get out of it is by making the full-time workers part time and as a result they are going to be all these additional part-time workers for americans who want full-time jobs. it is absolutely outrage house is this why all these big companies, i mean, not just fast food companies. it is industrial companies and it is media companies and it is -- is this why they are already laying off workers? >> there are -- that's one reason. larger industrial companies that provide health insurance are going to find there are winners in ending their own health insurance and dumping their work others the exchange and payin
hurricane sandy would have knocked all of those out. right now those states are asking for gasoline. not solar panels or windmills. >> diana, just one last regulatory obstacle while we are on the subject. obama care. obama care. now, i know -- >> that's a major regulatory obstacle because if you move from 49 to 59 workers and don't have the right kind of health insurance you have to pay $2,000 per worker per year. the only way you can get out of it is by making the full-time workers...
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Feb 27, 2013
02/13
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when you had the super storm sandy, hurricane sandy, president obama is doing his job, goes to new york, goes to new jersey. the governor of new jersey does his job. shows up with obama. i don't see how christie could have avoided that. he had campaigned very hard for romney. he called obama divisive and demoralizing and still blaming christie essentially still doing his job even though he had to appear with obama. >> maybe you can argue he was overly complimentary but the fact of the matter is his whole brand has been we need to work together in pragmatic ways and put the people first. i think him making a political point and sort of snubbing the president during a major storm where a lot of people were at risk would have been a mistake, a, and, b, a total violation of the brand that he has built. >> and you must be thrilled about this to see republicans dumping on a guy, christie, because christie is a guy that could win new jersey. if he ran for president he could win blue states. we were talking before. republicans, not since reagan and papa bush have republicans won, i believe, cal
when you had the super storm sandy, hurricane sandy, president obama is doing his job, goes to new york, goes to new jersey. the governor of new jersey does his job. shows up with obama. i don't see how christie could have avoided that. he had campaigned very hard for romney. he called obama divisive and demoralizing and still blaming christie essentially still doing his job even though he had to appear with obama. >> maybe you can argue he was overly complimentary but the fact of the...
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Nov 5, 2012
11/12
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we hope you have a profitable day. >>> the aftermath of sandy. a week later, millions are still without power in the northeast. long gas lines remain, although they are easing. and government leaders are warning of a housing crisis for those displaced by the storm damage. and after months of campaigning, we're now less than 24 hours until election day. barack obama and mitt romney are in a mad dash seeking every vote. as for the markets, u.s. equity futures are pointing to a lower open after the big reversal on friday. both the dow and nasdaq finished last week in the red. it's money, november 5th, 2012. and "squawk box" begins right flou.
we hope you have a profitable day. >>> the aftermath of sandy. a week later, millions are still without power in the northeast. long gas lines remain, although they are easing. and government leaders are warning of a housing crisis for those displaced by the storm damage. and after months of campaigning, we're now less than 24 hours until election day. barack obama and mitt romney are in a mad dash seeking every vote. as for the markets, u.s. equity futures are pointing to a lower open...
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Dec 29, 2012
12/12
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sandy road ashore devastating several areas and the senate rejected a republican amendment to cut the immediate cost to just 23 million clearing the way for final action on the $60 billion bill. the bill now goes to the house where its passage is uncertain because of the non-sandy-related spending items that are in the bill. typical sausage making for washington. >>> let's get to our panel. here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard anything in the last couple of hours that suggests to you that somehow by monday mitch mcconnell and harry reid will sing kumbaya, pass something in the senate that also passes the house? >> i'm not so sure they'll be sing kumbaya, but the real story today is that there's movement on capitol hill. reid and mcconnell come out of that white house meeting and they're ready to haggle over some differences. what i expect to come to the floor is what president obama's talking about a 250 threshold for rates, maybe an amt attached to it and maybe have unemployment attached to it, but that's it. that's what the
sandy road ashore devastating several areas and the senate rejected a republican amendment to cut the immediate cost to just 23 million clearing the way for final action on the $60 billion bill. the bill now goes to the house where its passage is uncertain because of the non-sandy-related spending items that are in the bill. typical sausage making for washington. >>> let's get to our panel. here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard...
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Jan 3, 2013
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the 2012 claims cost the higher of that, as you might expect, caused by hurricane sandy. it's insured industry loss down from 2011 down to 119 billion. yesterday's resolution of the fiscal cliffhanger may provide -- but tend of this battle has fired the gun on a secondary gun on the spending cuts and the difficult growth ahead. >> just when you thought we were off the fiscal cliff, all of washington turns its attention one day after the fiscal cliff deal to the next fiscal cliff and that's going to be a fight over the debt ceiling coming in march. the treasury department has said it has some running room here to deal with the u.s. debt ceiling, but it will run out eventually, likely end of february or early march for that. and the deal that was just done here in washington did nothing about the so-called sequester, which is that dramatic series of spending cuts other than punt it for two months. that means early march will be another battle in spending in washington. if that's not enough, coming at the end of march will be a fight over what they call the continuing resolu
the 2012 claims cost the higher of that, as you might expect, caused by hurricane sandy. it's insured industry loss down from 2011 down to 119 billion. yesterday's resolution of the fiscal cliffhanger may provide -- but tend of this battle has fired the gun on a secondary gun on the spending cuts and the difficult growth ahead. >> just when you thought we were off the fiscal cliff, all of washington turns its attention one day after the fiscal cliff deal to the next fiscal cliff and...
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Nov 8, 2012
11/12
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there was snow, but nothing like sandy. we'll ask what it means for the energy market and consumers when we return. >>> the east coast got hit by another storm yesterday. while gas lines have eased up from hurricane sandy, motorists are still having trouble getting fuel in the hardest hit as you build a retail station, you could build in the wiring. all in all, while it's an expense, you can build it in to the base of the business if that's a standard for everybody. but if you don't make it a standard for everybody, then only a few will go out and do it and it won't help anything. >> sounds like regulation. but then i heard that there was regulation -- >> what's the cost, though? what's the pre-cost wire? >> you're probably less than $10,000 if you include the generator said. so it's not a huge cost, but this is a marginal business. >> we talked to the guy who represents the convenience stores that sell something like 75% or 80% of all the gasoline in this country and he said most of those convenience stores really make pen
there was snow, but nothing like sandy. we'll ask what it means for the energy market and consumers when we return. >>> the east coast got hit by another storm yesterday. while gas lines have eased up from hurricane sandy, motorists are still having trouble getting fuel in the hardest hit as you build a retail station, you could build in the wiring. all in all, while it's an expense, you can build it in to the base of the business if that's a standard for everybody. but if you don't...
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Nov 29, 2012
11/12
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hurricane sandy was directly in his district so he made some comments about it. he said that the damage was worse than first anticipated. that's something we've been talking a lot about. original number was $50 billion. it's in the $70 billion to $90 billion range. it is probably going to shave a quarter to half a point off gdp. you talked about the fiscal cliff which he says congress and the president must address. he says because we're at the zero balance, interest rates were zero, the effect of the fiscal cliff is getting much worse than if the fed were not at zero. >> because they could do something. >> the only positive thing which dudley did not talk about but it is something that's on the radar is that, as the fiscal cliff fears rise, interest rates fall on the 10-year. so the effect the fed would have from easing is already in -- already happening as a market reaction. >> steve, thank you. >>> when jeff kilburg is not fired up about the irish he is fired up about what mr. dudley said today. why? >> absolutely. he came out with very dovish comments. he las
hurricane sandy was directly in his district so he made some comments about it. he said that the damage was worse than first anticipated. that's something we've been talking a lot about. original number was $50 billion. it's in the $70 billion to $90 billion range. it is probably going to shave a quarter to half a point off gdp. you talked about the fiscal cliff which he says congress and the president must address. he says because we're at the zero balance, interest rates were zero, the effect...
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Dec 19, 2012
12/12
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sandy, i'll begin with you. as we're sitting here, i don't know how you feel about the market and the cliff. yesterday one tone. today seems to be we've reverted backwards. >> so frustrating. here we go again. i think the market does have a lot of support at 1420. i do think they will get a deal done but i don't think it will happen this year. i think it happens into january and they can make things retroactively back to january so everything happens from that point. so frustrating we've got to go through that again. >> does name pact the economy and sort of the fundamentals of this market if we go into january, go over the cliff and then we actually have, to you know, reverse things? i mean, you're beginning the year with more uncertainty. >> ceos are already -- they are holding back on hiring. they are doing all these other things so ultimately, no, it won't have a fundamental impact because i think it will all be retroactive for january 2013. hard for people to hire in such an uncertain climate for everybody.
sandy, i'll begin with you. as we're sitting here, i don't know how you feel about the market and the cliff. yesterday one tone. today seems to be we've reverted backwards. >> so frustrating. here we go again. i think the market does have a lot of support at 1420. i do think they will get a deal done but i don't think it will happen this year. i think it happens into january and they can make things retroactively back to january so everything happens from that point. so frustrating we've...
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Dec 3, 2012
12/12
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how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that are on average 11.1 years of age that are really driving car sales. in this low interest rate environment, this is the other big ticket item. >> how are people going to fund their purchases? you have an 11-year-old car, how are they funding the replacement of it? >> well, the availability of credit has improved dramatically over the last eight months or so. and we're even seeing people with bumps in their credit history, subprime borrowers, getting more acceptances of their car loans. and of course there are a lot of incentivized interest rates from the manufacturer's financing arms out there, as well. th
how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that...
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Nov 9, 2012
11/12
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it's been nearly two weeks since sandy slammed the northeast, but the storm is causing problems for retailers court. i can't believe, that's just around the corner. >> i know. it's hard to believe the holidays are just around the corner. they're awaiting the fine shipments. they're still very much playing catch-up. it said they fell. railroad csx total traffic impacted. falling 181% below the quarterly weekly run wait. there are delays that may exist because of where the storm occurred. i'm told that while restore vagss have been studied, they're working to get product back on the shelf by friday and there risks. while some may be delayed. some will be frefrl lost. >> court nirks thanks. how do you address it? >> we talked about it yesterday with stephanie link. what was thought to be a holiday season that would be a tail wind, i think that's totally in question right now. there will be an impact. >> do you have a name that you get into? if you believe in the consumer story at this point? whole food. i'm not in it right now. that's more on an international recovery. >> all right. doc? >> on t
it's been nearly two weeks since sandy slammed the northeast, but the storm is causing problems for retailers court. i can't believe, that's just around the corner. >> i know. it's hard to believe the holidays are just around the corner. they're awaiting the fine shipments. they're still very much playing catch-up. it said they fell. railroad csx total traffic impacted. falling 181% below the quarterly weekly run wait. there are delays that may exist because of where the storm occurred....